Five-Unit Apartment
For Sale
$415,000
1712 Central Avenue, Augusta, GA 30904
Commercial Sale, Augusta, GA
Property Size3,160 SF
Lot Size0.24 Acres
Price / SF$131.33
Days on Market421
Property Features for 1712 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Fireplace
1
Subdivision
Not In Subdivision
Lot features
Level, Corner Lot
Directions
Take Central Avenue to the corner of Central and Holden Street.
Standard status
Active
APN
0453181000
Size
3,160 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1923/47
Tax Annual Amount
2844
Legal Description
1923/47
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1926
Number of units
5
Building materials
Stucco
Roof type
Metal
Listing Agency:
Auben Realty, LLC
Listed By:
Wayne Snyder · License #391710
(614) 284-2962
Added: Aug 16, 2025
Changed: Sep 12
Last Checked: Oct 10 at 10:06PM
MLS# 98205414
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property contains 5 units distributed among 3 buildings on a 0.24-acre corner lot. The improvements total 3,160 square feet and feature stucco construction, metal roofing, natural-gas heating, window and wall-unit cooling, and a fireplace. Built in 1926, the property is served by public water and public sewer and carries R zoning.
Three units are occupied, while two are vacant. One vacant unit is described as rent ready, and the other requires some work before being positioned for occupancy. The property is located near downtown Augusta, the medical district, and Paine College, with an address on Central Avenue.
Three units are occupied, while two are vacant. One vacant unit is described as rent ready, and the other requires some work before being positioned for occupancy. The property is located near downtown Augusta, the medical district, and Paine College, with an address on Central Avenue.
Key Highlights
- 5 units across 3 buildings on a corner lot
- 3,160 square feet on 0.24 acres
- 3 units occupied and 2 units vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,625
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,500
$572.5K
Cap Rate 7%
$408,929
$408.9K
Cap Rate 9%
$318,056
$318.1K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$56.9K $18.00/SF
− Vacancy
−$4.8K −$1.53/SF
EGI
$52.0K $16.47/SF
− OpEx
−$23.4K −$7.41/SF
NOI
$28.6K $9.06/SF
Area
Augusta, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,500
Cap Rate 7%
$408,929
Cap Rate 9%
$318,056
Alternative Uses
Best Use
Apartment 5plus
$408.9K
$357.8K – $477.1K
NOI $28,625 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.4K
$872.8K – $1.16M
NOI $69,820 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
60%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,415
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three separate buildings offer stucco exteriors, metal roofs, and public water and sewer service.
Where is this apartment building located?
The property is located at 1712 Central Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 5 units across 3 buildings on a corner lot; 3,160 square feet on 0.24 acres; 3 units occupied and 2 units vacant
